Although things are quite well right now I am really wondering about all this added hash power to the network. In less than a week since the last difficulty readjustment 51 PH has been added to the network, so were looking at 6% increase so far. But I expect even more hash to be added and then the readjust will slam us, hopefully the hash reach its limits to sustain these profit gains.
The thing is it takes a LOT of gear to do that 6 percent. I suspect Avalon and Bitmain both making gear right now. So it's going to be a larger number then we want. Guess we will see if I'm right in a week or two hopefully. And even with 6 percent. The recent jump in value makes it still more profitable now then it was for most. KnC has been rolling gear for their farm for a while. Only Bitfury and probably a very few megafarmers know what BitFury is been doing. Bitmain announced 500 more S7s available on Hashnest, that's a pretty fair chunk of hashing alone. No clue where Lketc/BW.com are on the B-Eleven. SFARDS is way overdue for a second batch of their miners, or a batch of a "replacement"/"upgraded" design. No clue where Innosilicon is on their "leak announced" A3 (or whatever they are calling their next-gen chip). On SFARDS I think they are gone. I don't expect to hear more from them. I think they decided to keep internal and mine with it. I could be wrong but that is my theory. They are completely dark as far as communication on the board. On Innosilicon I think they will have a big effect on multiple miners. Chances are they are selling to a few companies. For example LKETC was really big partners with Innosilicon. |
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It kinda sound like they came up with a business plan and they don't have any work done beside some sketch and they want money to fund the development. We all know how these things went in the past...
I'd sure like some more steak to the gravy before throwing money that won't earn a cent for a long time, or maybe never.
If this was owned by a lesser organisation than LK Group Limited and CHBTC I would agree with you. I think it "will be" real however, there is high risk in the 14nm technology. I think a number of Companies have felt the need to make announcements a bit ahead of when they were fully ready in reaction to the Bitmain S7. So this B-Eleven & the Avalon6 fall into this category. Rich I would agree this is not a standard rendering where they are out to scam. This a big company and released quite a few products in the past. 14nm is going to be interesting if they heat deadlines. The ones that stayed at 28nm seem to be the current winners. Avalon if true at all on timeframe we should see it in a few weeks. But we all know how some products can be on deadlines. I find it interesting that avalon 6 and new rumored new s7 are so close together in time frames. One could have did a announcement to effect others sales. Its quite a cut throat business. |
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I doubt it will get down to ~200, but I just bet a fair bit that it's going to drop, I'd guess more likely back into the $230-$250 range probably before year end.
well it's not the case as we are running again for the 350 mark it seems that it was not a fake pump this time this can seriously help casual mininers joining the game, 50% more in price is not a joke it offer a great boost to anyone Another 50 percent jump would be huge for home and hobby miners. Assuming the last jump of around 100 sticks... that is already a huge bump. So if we can get more then that that is huge money really in the scheme of home/hobby miners. Time will tell what it is seems like we might be around current value for a bit as market adjusts. |
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Even at 3 cent electric the S3 would be a poor choice, unless you can get them almost free and get some very low cost efficient PS to run them with.
I was just saying no older then this. He is free to get newer and yes he will have more hash. It all depends on what price he can get gear at. As I think S7 is overkill on .03 cents currently. If OP can get a deal on S5's or something in that generation yes he will be doing very good at .03 cents. I think with so low electricity a used miner is quicker ROI in most cases (he needs to do ROI math before buying). He has a great budget, he could buy 1 S7 and 3 S5 and have great resales on the S7, he would be able to pump out around 17$ a day, one month and he is already paying off the S5. Looks like if he went this plan he could have an ROI in 202 Days and easily resell for a ton. You are right he's in a awsome position as far as options. A quick ROI on S5's sounds interesting to me just since quick ROI, then he can add more miners after that. If he got a S7 yes he would be able to use it for quite some time. If we only knew having and what it would do, but it stands a chance of still running on having if BTC value is decent on S7. So pros/cons on both sides. The halving is something to consider, it seems it will could kick out low miners and lower difficulty or price will adjust. Just no way to know the future =/ Will the halving reward few months later affect the earning? And how about the effects of halving for us newbie miners? with the new s7 you should do fine if your electricity is very cheap even after the halving, this halving isn't so troublesome it does not need a price increase to have a sustainable mining activity the next one (6.25 per block) instead will have a much bigger effect, in the sense that the price must rise at all cost, or all miners are out of the game At least all hobby and home miners at least. Some of the big corporations just have such low electricity they will last pretty much most situations. I they can't make a profit I think bitcoin would kinda fall apart, as that means no one is making profit but "free". The good news is price has already headed twords a better direction. It's hard to say what having will be like... just to much to predict. the price is 50% right now, to sufficient for the 2020 halving, it should be x2 at the very least, but there is a long way to go before that halving i' sure bitcoin will stabilize at a higher level, but what i want to say is that the halving is a good indicator, on what will happen to bitcoin based on the price or future value I think I fixed your post it was in the middle of the quotes instead of bottom. But I would having will be a good indicator. But having is hard to predict pricing or anything really. And really we already had a jump of almost 100 dollars which is nice. If the jumps come far before having that is better for us miners. |
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Although things are quite well right now I am really wondering about all this added hash power to the network. In less than a week since the last difficulty readjustment 51 PH has been added to the network, so were looking at 6% increase so far. But I expect even more hash to be added and then the readjust will slam us, hopefully the hash reach its limits to sustain these profit gains.
The thing is it takes a LOT of gear to do that 6 percent. I suspect Avalon and Bitmain both making gear right now. So it's going to be a larger number then we want. Guess we will see if I'm right in a week or two hopefully. And even with 6 percent. The recent jump in value makes it still more profitable now then it was for most. |
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Is this real or fake ?
The B-Eleven has not been released yet - it appears to be targeted to be released in December, and all available signs point to it being "real" in the sence that it's being actively worked on by a reputable company and will be "real" and for sale fairly soon. Most of the specs seem to be out there except price - current speculation is that the price might be around .87 Bitcoin/TH but there's at least one other post that had the price listed as $500/TH with ZERO reference to where that price came from. BW.com is in part owned by Lketc of "Dragon miner" fame, THEY have been around awhile and their equipment has a good reputation for being reliable (but heavy). There has been speculation that it will be using the "tapeout announced a few months back" Innosilicon A3 chips, given Lketc's relationship with Innosilicon from the A1 chip days and the similarity of what specs have been announced between the B-Eleven and the A3, but nothing is certain on that front yet AFAIK. IMO for any miner to be viable at this point in the .2-.3 watt/TH range, they need to drop the price down to 1BTC OR LESS per TH - as of right now, none of the currently available "new gen" or announced "next gen" miners has a viable chance to achieve RoI if your electric rate is over 3 cents / KWH, and they're all REAL MARGINAL even with 3cent power. BW is already pre-selling B-Eleven hash at 0.78 bitcoin per TH/s with 4700 + TH unsold out of 10000 TH. They predict Jan 1, 2016 delivery. If they sell a physical miner at .78 per TH and are close to january even, they would sell MANY of these. That is a heck of a price per TH. Will be intersting to see what happens. I really want more info about these units. Kind of a lot of money to throw at a pre-order that may come out way too late. Especially with the current Diff increase. It look like profitability will a drop by quite a bit. Also, is that site even trusted? I never heard of it. They come from a trusted company LKETC I believe: BW.com was established in Aug. 2014, co-founded by one of the largest miner manufacturers in the world---LK Group, Ltd and one of the largest exchanges in the world---CHBTC.com. BW is dedicated to providing users a simple, professional, safe and efficient mining platform LKETC was once very trusted and pumped out ton's of A1's (1T dragons). But so far there are just renderings... I don't think we have seen a prototype. I kinda have a rule to not invest on renderings just as it does not prove a whole lot. I think they will have the miner, and make a massive cloud service. But january... not sure on if they hit that. |
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Is this real or fake ?
The B-Eleven has not been released yet - it appears to be targeted to be released in December, and all available signs point to it being "real" in the sence that it's being actively worked on by a reputable company and will be "real" and for sale fairly soon. Most of the specs seem to be out there except price - current speculation is that the price might be around .87 Bitcoin/TH but there's at least one other post that had the price listed as $500/TH with ZERO reference to where that price came from. BW.com is in part owned by Lketc of "Dragon miner" fame, THEY have been around awhile and their equipment has a good reputation for being reliable (but heavy). There has been speculation that it will be using the "tapeout announced a few months back" Innosilicon A3 chips, given Lketc's relationship with Innosilicon from the A1 chip days and the similarity of what specs have been announced between the B-Eleven and the A3, but nothing is certain on that front yet AFAIK. IMO for any miner to be viable at this point in the .2-.3 watt/TH range, they need to drop the price down to 1BTC OR LESS per TH - as of right now, none of the currently available "new gen" or announced "next gen" miners has a viable chance to achieve RoI if your electric rate is over 3 cents / KWH, and they're all REAL MARGINAL even with 3cent power. BW is already pre-selling B-Eleven hash at 0.78 bitcoin per TH/s with 4700 + TH unsold out of 10000 TH. They predict Jan 1, 2016 delivery. If they sell a physical miner at .78 per TH and are close to january even, they would sell MANY of these. That is a heck of a price per TH. Will be intersting to see what happens. I really want more info about these units. |
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Mining BURST is one method. You only need HDD to mine BURST, no expensive ASIC is needed. Then turn back your profits into Bitcoin = profit!  No. There is still another way than mining. Like trying faucet or signature campaign here. Beside that, i think it's still not profitable mining with HDD. I would rather choose to store my file on HDD rather than use it for mining. I did some calculators and BURST seemed very low it was a matter of dollars for like 2T a month. Unless my the calculators are off it is not very profitable. Please share some ROI math or even profit math on how HD mining with burst is profitable. Depends on electricity and whatnot, but I`m not a miner so I`m not the right person to ask, ask the miners on the thread: https://bitcointalk.org/index.php?topic=731923.0What I can tell is that even if at current price mining is not profitable, since BURST is so cheap now, if it will go up, and it totally could, even above 100 satoshi, then it could be profitable later on. So its a 2 risk factor equation, but it has 2 reward factors as well It does not depend on electricity. You make a few dollars a month to mine multi TB. Were talking before electricity cost not after. Running a few hundred watts for a couple of dollars a month does not make sense you lose money. Please show how you do this at a profit. |
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Thanks for the help. I emailed Bitmain and they have a good price.
sale (Bitmain)
Nov 1, 12:45
Hi Brian,
S3+ control PCB is $25+$6 shipping for USA cusotmers.
please let us know if you want to pay via BTC or Paypal
thank you
No that is a good deal take it. Some reported not being able to get them. So guess it's luck of draw. But at 31 dollars shipped you can't go wrong with that. Best of luck on it let us know how it goes. |
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Should we get some news this week on your test pods or will it be next week?
Overly anxious for some info.
I would guess he has a very busy week. With compac's starting batch 2 sometime soon just a lot of time I'm guessing there. I would guess he does some on project on pods. But guessing busy for a bit. And really he always has cool projects for us to look at so I don't know if I've seen a time he is not busy . |
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CFW 0.94 has been uploaded for my customers.
The previous updates to cgminer-monitor were missing U3 zombies where the device was still showing as active through the API. I've reworked the function to compare "Last Valid Work" before and after a specific interval for all connected devices. This should catch and handle all zombies, and just in time for Halloween! The new monitor has kept my 3 U3s running without human intervention for the past 2 days.
bought my U3 through u and constant issues. Is there a way to get the update? Sure, check your PM thank you! U3 up and running! To share my expirence with this version so far very good. I did not touch it for over 20 hours and it has fixed zombie an is running currently. Very good update so far from testing with 1 U3. Tomorrow after I finish 24 hour test (or tonight if I'm up late) I will try 3 on it and see how it goes. So far looking very promising. Upgraded interface... and functionality this custom firmware is great. Went to 3 U3's on it. It seems to increase zombie rate. But so far the miner has reset and been able to fix zombies, which is quite good. So 24 hour test of 1 went great with custom firmware. Now like 12 or so hours into test of 3 U3's on it and it's looking promising. No zombies it has not fixed so far will update again in around 12 hours or so of more testing. |
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Bitwisdom keeps goig up:
Bitcoin Difficulty: 62,253,982,450
Estimated Next Difficulty: 65,672,791,064 (+5.49%)
Adjust time: After 1423 Blocks, About 9.4 days
Hashrate(?): 484,451,571 GH/s
I hope this changes but the wave of new miners might just finally be hitting us. Price is around 327 so still pretty good on that front.
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What you guys think of a second hand S3 for 250 euro. Are these easier to set up than the USBs
No! Bad. 250 euros is the price of a Antminer S5. Find a way to get a S3 for under 100USD. If you pay more, i understand it might be hard if you pay VAT but its not worth it. At all. If you can get a S5 for 250euros, that would be a good pick, however. It will seem not worth it from most countries. But Europe gear sells at a high premium. I don't think it's 250 premium but I could see 150 - 200. Prices are crazy high over there compared to the regular market. And you are right it's not worth it, but in a market miners are harder to get people seem to pay more. Even if ROI math does not support it. |
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Anybody have the link to this company were I can buy it if it comes out ? not the cloud link the company link ?
It would be here; https://www.bitmaintech.com/product.htmBut it does not exist yet. If you see one and its not announced first, then its a scam. Don't do it. No one knows for sure. A big hoster leaked a date along with info of a lite version. So far he is only person to claim this I think. But he is very big in hosting so a decent amount of creditability have been given to it, compared to if some random person said it: New s7 information
bitmain told me that new s7 will be released to market after another 10 days, so should be on 10th Nov, they deduce the chip amount on s7, so the hashrate of new s7 will be only around 3.5T. The price for new s7 still under discussion and will be released next week
Only time will tell if/when it happens. |
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Mining is profitable again for some old hardware.
no, it is not except some chinese mega farms next to power plants:) at least in whole Europe, I really can't imagine a place, where mining is profitable.. Sorry to hear Europe has crazy electricity price. Here in Québec we have hydro and its a few cents per kWh. And in the US there are a few profitable places too. China, Venezuella. There are a lot of places where it is cheap. And it is very profitable here. So good thing to keep in mind if YOU want to profit. Buy miners and send it to hosting services in Québec, or China, etc. Us is quite profitable in a lot of places. All depends around 10 cents right now BTC raised so much were doing quite well. I was doing ok at 230... so go over 300... and even better. Europe really is hard with high VAT and electricity in a lot of places. If your viewpoint is from there yes its not good. Even some countries like Venezuela sound good for hobby miners, but look at big scale it's a scary place to invest big money with a government that can seize companies as they want. |
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There are actually quite a few "variable 12V" power supplies around, but very few of them are anywhere near Gold efficiency.
The ability to undervolt this design would make it noticeably more viable long-term, especially after the block reward halfing puts a serious hammer on profitability for ALL miners and renders most of them unprofitable at any electric price greater than "free" - but the only price I've seen linked for it still makes it unviable unless you have VERY VERY cheap electric.
Speculation on actual numbers though is problematic 'till someone actually TESTS the thing.
True I can see a 10 piece group buy as the minimum. If we knew it did 10 volts and say 1.8th at 350-375 watts. I wish they would send me a test model. I would pay for it and test for the rest of us. Depending on price and date I could be interested in a GB. I really want a Avalon 6 to play with. I have to be able to justify it though. I'm hoping we see more about it the closer it get's to official release. The underclocking is what I really want to see. |
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I'm still asking myself, why would someone need a gun, airsoft or not?
Consider yourself lucky to be living in a time and country that you can sincerely ask that question  /thread I'm a collector... i enjoy them. Not all guns are bad, it all comes down to people who use them. I don't hunt as its normally cold... really early in morning not fun. But living in a area of farms they serve a purpose to keep population at a certain amount. To much and farmers start to lose money from animals, or worse is the animals that attack farmers animals. But there are some good purposes. But this is OT where it needs to go if much more. Reason I posted is I just noticed that it does not have a orange cap. Be extremely careful as you know it's a toy... but others don't. Honestly toy guys with modded black end or comes black are not a great idea. |
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You'll be eagerly checking every ~2 weeks for activity update then  i think it must be specified that legendary rank should get in some particular rank like other ranks do I rather enjoy the randomization for the last obtainable rank for any bitcointalk user. It is the last obtainable rank atm, but I think in time one more should get added (after all us here finally turn Legendary) and that rank should be IMMORTAL. I think keep same ranks, no adding of another such as "IMMORTAL". It would be hard on one side as you would need to make it fair to all so some would have the rank by activity as soon as its launched. Which I don't see as much fun. Also Legendary is pretty good last rank. With making it random it adds a fun factor to it. I think if it is not broke don't fix it is my motto on this. |
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I have one, the U3 B2 (caged version)
Nowadays, it really doesn't make a buck and the whole of the U3s made are a mostly (and I mean pretty much all of them) are seriously unstable and there are loads of problems with them. It did do me good though, once I figured out in exactly which order I had to unplug, plug in, unplug and plug in to get it hashing, even if it does go zombie every 12 hours it's a good learning experience. One of the blades broke and I fixed it, I learnt how to apply thermal paste and all about direct cooling. It's not much to have but it sure does give you an experience.
So I think I should change my mind to S3 or S4, But I did checked them at amazon, But their Shipping cost is too High. I cant afford that fees. I think you need to do some more research. What is your electricity price? Do you have a import tax? Don't just buy a miner, without doing some research. |
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Investing in cheap, yet stable altcoins like BURST.
Once more people realize the potential (we are planning a new roadmap) it can go up drastically in price.
How can you call it stable? I asked in another thread about it's mining as its so small. But if you look at this coin it keeps dropping long term - https://poloniex.com/exchange#btc_burstDon't take my word look at all or even 1 month on trading. Its dipping not stable at all in my book. yeah it's dead, it was 1k at the launch, i was there mining it, then dropped to 300 then it was the end basically, never recovered too bad the mining was interesting because it was not about electricity, and it was also very cheap with hdd He posted in a few threads for beginners about burst. My fear is someone will invest without researching it. I just remember how great he made it sound... then I did the math on mining multiple times realizing it's crazy low. It was not designed very well for long term mining with mining multi TB getting a few dollars a month, or people just don't care about it and it hold's no value. I really would like him to explain in what way it's stable. I think hes trying to trick new people but I could be wrong. The charts don't look good at all for it. |
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